The dashed line is potential output and the solid line is current output; therefore: Group of answer choices areas a and b are booms. area b represents an economic boom, and area a is a recessionary gap. the economy is in neither a recession nor a boom in areas a and b. area a represents an economic boom, and area b is a recessionary gap. areas a and b are expansions. CHEGG

Area a represents an economic boom, and area b is a recession

Explanation:

The dashed line is potential output and the solid line is current output; therefore area a represents an economic boom, and area b is a recession.

An economic boom occurs when the business cycle has expanded. It is a period of growth and in this period, there'll be a rise in key economic indicators such as the gross domestic product, for that country.

Area b is a recession. This is when there's a contraction of economic activities and in this period, there's a reduction in the demand of goods and services. This results in unemployment and hardship on the citizens of the country.

15 1/2 years old in california

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